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New figures have ASOS shares rocketing

ASOS shares jumped by 18 percent in the first hour of trading this morning after the company anno...
Newstalk
Newstalk

12.00 12 Mar 2015


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New figures have ASOS shares r...

New figures have ASOS shares rocketing

Newstalk
Newstalk

12.00 12 Mar 2015


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ASOS shares jumped by 18 percent in the first hour of trading this morning after the company announced that sales jumped by 19 percent in the company's second quarter which ended on February 28th.

This broke down to a 30 percent increase in its primary UK market, and 12 percent growth internationally.

The share price is now coming close to 4000.00p.

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ASOS sells over 75,000 branded and own-brand products, offering a well designed one-stop-shop for high-street fashion.

It describes its primary market as "20 somethings" and operates nine local websites in the UK, US, Germany, France, Spain, Italy, Australia, Russia and China.

The company's statement says that at the end of the period it had 9.3m active customers - 56 percent international, and 44 percent in the UK.

Nick Robertson, ASOS CEO, expects this strong performance to continue in the second half of the company's financial year:

"Our investments in our warehouse and IT platforms are on track. We expect profit before tax for the full year to be in line with market expectations."


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